1.1 A bill for an act
1.2 relating to taxation; individual income; providing a subtraction for overtime pay;
1.3 amending Minnesota Statutes 2024, section 290.0132, by adding a subdivision.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2024, section 290.0132, is amended by adding a subdivision
1.6to read:
1.7 Subd. 36.Overtime pay.(a) The amount of overtime pay is a subtraction.
1.8 (b) For the purposes of this subdivision, "overtime pay" means wages, salaries, tips, and
1.9other employee compensation earned for hours worked in any workweek in excess of the
1.10maximum workweek applicable to the employee under chapter 177 or United States Code,
1.11title 29, section 207.
1.12 EFFECTIVE DATE.This section is effective for taxable years beginning after December
1.1331, 2024.
1Section 1.
REVISOR EAP/MI 25-0074212/13/24
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 415
NINETY-FOURTH SESSION
Authored by Franson and Warwas02/13/2025
The bill was read for the first time and referred to the Committee on Taxes